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According to Musk, he calculated the $420 price per share based on a 20% premium over that day’s closing share price because he thought 20% was a “standard premium” in going-private transactions. This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number’s significance in marijuana culture and thought his girlfriend “would find it funny, which admittedly is not a great reason to pick a price.”

And a future dies... Maybe in a generation or two someone new will attempt to sell the dream of space...

Has a antitrust process incoming that will destroy infinite money cheat that Blue Origin has. And after that any business Bezos is involved in will be equally tainted as SpaceX is going to become after this shitshow.

Getting access to capital is a meaningless accomplishment in a system that doesn't actually link merit or utility to access to capital.

:dunno:

Sure, but you'd be kind of fucked trying to get to space without it.

TIL capitalists got to space first.

Two kinds of economic systems. Those that have produced a man on the moon, and those that haven't.

Umm, the Apollo project was done under command-economy conditions dude, just like almost all of NASA's projects. Capitalism had nothing to do with it. The state set a goal and appropriated and directed the resources necessary to accomplish it. And the firms that did the work are either agencies of the state itself or close appendages that only exist because of government funding.

Getting access to capital is a meaningless accomplishment in a system that doesn't actually link merit or utility to access to capital.

:dunno:

Sure, but you'd be kind of fucked trying to get to space without it.

TIL capitalists got to space first.

Two kinds of economic systems. Those that have produced a man on the moon, and those that haven't.

Umm, the Apollo project was done under command-economy conditions dude, just like almost all of NASA's projects. Capitalism had nothing to do with it. The state set a goal and appropriated and directed the resources necessary to accomplish it. And the firms that did the work are either agencies of the state itself or close appendages that only exist because of government funding.

And we're mostly still benefiting today from all the knock on effects that development allowed, in terms of productization. You really think that there are not massive knock on effects to the whole supply chain from an effort that large. Close appendages that only exist because of government funding still get paychecks, pay rents, buy cars, etc.

Right, and you've explained why direct government control over certain industries is a good thing, and why government spending creates prosperity.

Congrats.

Meanwhile, in Russia...

Spoiler:

Pity all their best scientists were working on military rockets rather than civilian applications, eh? And pity all the funding for Buran went away when the USSR fell. But Buran was still demonstrated autonomous flight before a US spacecraft if even remotely comparable configuration and capability (X-37).

Also lets not forget that the Russians started out way behind on that whole industry and technology front, and were never as wealthy overall as America.